News: Meggitt PLC (MGGT.L)

MGGT.L on London Stock Exchange

1 May 2015
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Tue, Feb 24 2015

Britain's FTSE steadies below record high, BHP gains

LONDON, Feb 24 - Britain's top equity index steadied in sight of record highs on Tuesday, with a rally in global miner BHP Billiton after results offsetting a sharp decline in aircraft parts supplier Meggitt.

UPDATE 1-Meggitt reiterates annual outlook after tough 2014

LONDON, Feb 24 - British aircraft parts supplier Meggitt maintained its outlook for this year and said it was comfortable with medium-term guidance after reporting an expected 13 percent fall in annual profit following a tough 2014.

Meggitt 2014 profit falls 13 pct, on track for 2015

LONDON, Feb 24 - British aircraft parts supplier Meggitt reported a 13 percent fall in annual profit, hit by declines in military spend, and said it was on track to meet its outlook for organic revenue growth for 2015.

BRIEF-Meggitt buys Precision Engine Controls for $44.2 mln

* Acquired Precision Engine Controls Corporation ("PECC") from United Technologies Corporation

Marks & Spencer share rally lifts Britain's blue-chip FTSE index

* Meggitt up 7.5 percent on share buyback plan (Adds detail, quotes, updates prices)

Buyback plan boosts aircraft parts maker Meggitt

LONDON - British aircraft parts supplier Meggitt said it would buy back more of its shares, taking advantage of its strong balance sheet to return cash at a time when it said there was a lack of acquisition opportunities.

Marks & Spencer share rally boosts blue-chip FTSE index

LONDON, Nov 5 - Britain's top share index advanced on Wednesday, with retailer Marks & Spencer leading the market higher after raising its margin outlook and aircraft parts supplier Meggitt gaining on its plan to start a share buyback programme.

Meggitt cuts revenue outlook for 2015

LONDON, Nov 5 - British aircraft parts supplier Meggitt on Wednesday cut its expectations for 2015 in the latest downgrade in a series, blaming delays in the U.S. military market and financial difficulties being experienced by its partner in Brazil.

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